PSG Grant Vendor
Our company, IT Infinity Pte Ltd, is a pre-qualified PSG grant vendor for enterprise accounting solution Sage 300 ERP.
For purchase of Sage 300 ERP, companies can claim 80% for up to $30,000 qualifying costs under Productivity Solutions Grant (PSG).
Eligible employers for SkillsFuture Enterprise Credit (SFEC) will receive a one-off $10,000 credit to cover up to 90% of the out of pocket expenses on qualifying costs.
Pre-Approved IT Solution:
Sage 300 ERP
Formerly known as ACCPAC accounting, the Sage 300 ERP solution is a comprehensive and scalable financial accounting solution that enables businesses to expand beyond their basic accounting needs and move into enterprise resource planning such as inventory, asset management and many others.
The Sage 300 ERP package has been pre-approved under PSG. It comes with a total of eight modules consisting of:
- System Manager module
- General Ledger module
- Accounts Receivable module
- Account Payable module
- Inventory Control module
- Order Entry module
- Purchase Order module
- Multi-currency module
These modules provide companies with powerful tools to track their financials end-to-end, improve reporting and compliance and provide better business intelligence for a greater ROI.
Sage 300 also supports InvoiceNow – a nationwide E-invoicing method that speeds up invoicing and payments between companies.
Digital Resilience Bonus
Up to $10,000 Bonus GrantThe Digital Resilience Bonus (DRB) is available to help Food Services and Retail enterprises uplift digital capabilities, drive business growth and efficiency.*
*To qualify for DRB, your enterprise must be: (i) incorporated on or before 26 May 2020 with a Food Service or Retail SSIC code and (ii) using the digital solutions between 1 June 2020 and 30 June 2021.
Are you eligible?
Companies can apply for PSG if they meet the following criteria:
- Registered and operating in Singapore
- Purchase/lease/subscription of the IT solutions or equipment must be used in Singapore
- Have a minimum of 30% local shareholding (for selected solutions only)
Each company has a grant cap of S$30,000 per financial year for adopting pre-approved IT solutions under the PSG scheme.
To qualify for SFEC, companies must meet the following criteria:
- Have contributed at least S$750 Skills Development Levy over the period*
- Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period*
- Have not been qualified at any of the earlier periods*
- 1 April 2019 – 31 March 2020
- 1 July 2019 – 30 June 2020
- 1 October 2019 – 30 September 2020
- 1 January 2020 – 31 December 2020